Did you know that Chart of Accounts registered in SAP Business One has 3 types according to accounting requirements?
SAP Business One Tips – Account Type of Chart of Account
You can choose the type of Sales, Expenditure, or Other.
- Sales Type used for sales accounts, usually used for accounts in the fourth drawer (Turnover)
- Expenditure Type used for cost accounts, usually used for accounts in the fifth to the eighth drawers (Tax of Sales)
- Other Type usually used for accounts registered in the Balance Sheet, the first drawer (Assets) to the third (Capital)
Also read relevant SAP Business One Tips:
- How to Add Tax Group in SAP Business One Easily
- Down Payment Request vs Down Payment Invoice in SAP B1
- How to Print SAP Business One Documents Automatically
- How to Set SAP Business One Control Account – Guide
- Efficient Document Printing in SAP Business One
- How to Remove Restrictions When Setting Revenue Account
